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April 19, 2024, 11:39:45 am
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Author Topic: Unearned revenue  (Read 2266 times)  Share 

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Benjamin.T

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Unearned revenue
« on: September 17, 2020, 10:22:48 am »
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Hi guys

In the latest study design, for unearned revenue not relating to sales, do we include GST in the deposit for rent revenue, interest revenue and things like that?
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Annon4589

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Re: Unearned revenue
« Reply #1 on: October 01, 2020, 06:35:55 pm »
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Im pretty sure you only record GST at the time the revenue is actually earned, i.e. have supplied the goods to the customer and hence, not at the time of deposit.
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Benjamin.T

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Re: Unearned revenue
« Reply #2 on: October 04, 2020, 01:45:35 pm »
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Thanks for that confirmation Annon4589
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